Business News
Cabinet Approves Direct Tax Code To Facilitate Taxpayer »
By SUNIL Sonkar New Delhi, August 27 — The Cabinet approved the draft of the Direct Tax Code (DTC) Bill Thursday, which proposes lower tax incidence for individuals. The bill proposes to increase exemption limit for individual...
Cashless Mediclaim Facility Restored From Friday »
By SUNIL Sonkar New Delhi, August 20 — From Friday the cashless treatment facility going to be restored as an interim measure in all corporate hospitals to all insurance policyholders. Pervez Ahmed, CMD of Max Healthcare Institute,...
Govt Gives Deadline To Mobile Operators For BlackBerry »
By SUNIL Sonkar New Delhi, August 17 — Government has asked Tata Teleservices Tuesday to monitor capability for BlackBerry services by August 31. A Tata Teleservices said in a statement, “We have received a letter … asking...
Tata Becomes Country’s Most Valued Group »
By SUNIL Sonkar New Delhi, August 16 — India’s wealthiest business house fame goes to Tata Group, having market value of Rs 3,71,000 crore, which is more than the two Ambani siblings. Mukesh Ambani’s Reliance Industries (RIL)...
Loan Becomes Costlier For Existing Customers »
By SUNIL Sonkar New Delhi, August 10 — Few banks in India such as PNB and Bank of Baroda have made home, auto and education loans costlier for existing borrowers. Lenders have hiked interest rates in line...
Passengers To Get Compensation For Flights Delay Or Cancellation »
By SUNIL Sonkar New Delhi, August 7 — Civil Aviation Requirement (CAR) issued a notice Thursday in which Airlines are to pay compensation to all the passengers who have been either denied boarding or the flights have...
BlackBerry Assures To Look After Security Concerns Of India: MHA »
By SHUBHAJIT Chakraborty New Delhi, July 29 – The makers of BlackBerry – Research in Motion (RIM) has assured that it would look after the security concern and said that the Canadian company and Indian security agencies...
Foxconn Hold Off Manufacturing Facility In India »
By SHUBHAJIT Chakraborty Hong Kong, July 27 – Hongkong based Foxconn International has suspended its operation in India for an indefinite period. The company had been into manufacturing of mobile parts in India, but after some workers...
New Technology Credit Card To Include Keypad And Screen »
By SUNIL Sonkar London, July 18 — To prevent online shopping fraud, a new credit card has been designed by the US global payments technology company Visa’s European arm. This new credit card has a keypad along...
Importers buy dollars, rupee falls »
MUMBAI: On Friday the Indian rupee fell as the importers bought dollars and to a larger extent steady domestic shares could provide a very little direction, traders said. At 9:30 a.m., the partially convertible rupee was at...
Net profit jumps by 24% to Rs 1,906 cr and the sales up by 14%- TCS »
MUMBAI: There was a rise in the share prices of TCS of more than 4% on Friday after the company registered a 21 percent rise in its quarterly profit and stated that it was seeing strong demand....
People need debt counseling as bankruptcy laws get stronger »
By JIT Mukherjii New York, June 17th: Bankruptcy laws have become so strict that it is becoming difficult for people to go out of credit card debt and hence need for debt counseling is one the rise....
Raw material import banned by drug regulators from 10 Chinese firms »
By JIT Mukherjii New Delhi, June 15th: The country’s drug regulator has banned import of raw material from 10 Chinese drug companies for supplying products without having the mandatory drug manufacturing standards, people familiar with the matter said....
Inflation may spell cloud over industry »
By JIT Mukherjii Mumbai, June 14th: The double digit inflation of 10.6% and massive liquidity crunch in the system is going to hamper the performance of industry to a great extent. With the 3G bidding in place...
Narayanan Murthy feels that the recovery at the global level will be low »
By JIT Mukherjii Bangalore, June 13th: Infosys Technologies Chairman N. R. Narayana Murthy has said the recovery from the global financial crisis might be slow and weak. Murthy said the early signs of an emergence from the...
Investors show huge interest in Bangalore Global Investors Meet »
By JIT Mukherjii Bangalore, June 3rd: The Global Investors Meet (GIM), expected to bring in Rs.5 trillion (Rs.5 lakh crore) to Karnataka in the next four-five years, began here today with the state rolling out a red carpet to...
India Inflation Is Higher Than Comfort Level – RBI »
By SHUBHAJIT Chakraborty Pune, June 01 – India is still struggling with steep inflation and far more than the comfort level and 7.4 percent expansion in the fiscal year is encouraging but expected. Reserve Bank of India...
Maruti sales crosses the 100,000 a month for first the time »
By JIT Mukherjii Gurgaon, June 1st: Passenger car major Maruti Suzuki on Tuesday reported a 27.9% jump in sales for May at 102,175 units compared to 79,872 vehicles it sold in the year-ago period. This is the...
TATA Motors sees a jump in profit in March quarter »
By JIT Mukherjii Mumbai, May 27th: Tata Motors, India’s top vehicle maker, beat market estimates with a surge in March quarter earnings, helped by rising sales and profitability at its Jaguar Land Rover (JLR) unit. India’s leading...
Revenue from 3G auction to help tackle fiscal deficit: Chawla »
By JIT Mukherjii New Delhi, May 24th: With more-than-expected revenue coming in from the 3G auction, the Government is now in a better position to handle the fiscal deficit, a senior government official said on Monday. “It immediately...
